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Updated over 1 year ago,

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Shall Tu
  • Member since Sep 26, 2023
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Shall Tu
  • Member since Sep 26, 2023
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Shall Tu
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General Landlording & Rental Properties

Sell or not to sell

Shall Tu
Posted

I have a rental property in Cedar Park Texas currently occupied by tenants. The recent-huge tax increase has left with negative cash inflow of about 200-300 per month. I think we do not have much scope to increase the rent as per our property manager. Should I sell it or does it have a potential to appreciate over time? I bought it in 2017 or 2018. If I sell it, I'll buy something near Raleigh, NC.  Would that be a good idea?

Austin, Texas
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